In connected rail systems, passengers remain online through free Wi-Fi inside the train and in platforms. Legacy infrastructure of railways is being replaced by modern train management systems. In train management systems, trains transmit data bi-directionally among themselves and the network control center. The network control center is the CPU of a train management system.
MARKET DYNAMICS
The global connected rail market is driven by the need of safety and security in railways, growing economy, increase in population, government norms, and growing urbanization. New infrastructure development, technology shift, ongoing rail projects and upcoming rail projects have fuelled the demand for connected technologies across the globe in railway industry
MARKET SCOPE
The "Global Connected Rail Market Analysis to 2028"? is a specialized and in-depth study of the connected rail market with a special focus on the global market trend analysis. The report aims to provide an overview of connected rail market with detailed market segmentation by service, rolling stock, safety and signaling system. The global connected rail market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading connected rail market player and offers key trends and opportunities in the connected rail market.
MARKET SEGMENTATION
The global connected rail market is segmented on the basis of service, rolling stock, safety and signaling system. On the basis of service, market is segmented as passenger mobility and services, passenger information system, train tracking and monitoring solutions, automated fare collection system, Ip video surveillance, predictive maintenance, others. On the basis of rolling stock, market is segmented as diesel, locomotive, electric locomotive, DMU, EMU, others. On the basis of safety and signaling system, market is segmented Positive Train Control (PTC), Communication/Computer-Based Train Control (CBTC), Automated/Integrated Train Control (ATC)
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global connected rail market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The connected rail market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report also includes the profiles affecting connected rail market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the connected rail market in these regions.
MARKET PLAYERS
The reports cover key developments in the connected rail market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from connected rail market are anticipated to lucrative growth opportunities in the future with the rising demand for connected rail market. Below mentioned is the list of few companies engaged in the connected rail market.
The report also includes the profiles of key connected rail market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Siemens AG
- Hitachi Limited
- Wabtec Corporation
- Trimble, Inc.
- Robert Bosch GmbH
- Huawei Investment and Holding Co., Ltd
- Cisco Systems, Inc.
- Nokia Corporation
- Atos Corporation
- IBM Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.